A year of 'Energy' and 'Growth'

We were not even fully over the pandemic when the Russian invasion of Ukraine began. We were stumbling from one crisis to the next, with the world starting to look quite different: concerns over energy supply, greater focus on energy independence, rising energy prices, inflation shooting up, a decline in purchasing power, central banks raising interest rates and governments trying to get a hold over the situation. Throughout this turbulent year, one word was repeated time and time again the world over: 'Energy'.

EnergyVision was also put to the test during this turbulent year. Faced with this new macroeconomic backdrop, our business models passed all tests with flying colours, with one word in particular getting a lot of attention: 'Growth'.

EnergyVision grew on all fronts, making an even greater mark on the energy transition. In Belgium, the number of portfolio assets increased 56%, EnergyDrive went up a gear, Brusol's market share grew even further (over 70% market share), EnergyHome jumped out of the starting blocks and flagship projects were secured (e.g. ASTER). At the same time, new business models were successfully launched in China and Morocco. All this was translated into consolidated sales that rose by 31% to 117 million euros and consolidated EBITDA that rose by 111% to 26.3 million euros, most of which was recurring.

In 2022, EnergyVision grew confidently upon its solid foundations. For 2023, we move forward with this same passion and drive. Strategic growth plans are in place for 2023 and beyond. While these are often adjusted in adapting to this dynamic world, with flexibility and execution speed being key concerns, we are future-ready, with growth remaining a key focus.

On behalf of the Board of Directors, I would like to thank our customers, strategic partners and shareholders for placing their trust in us, along with the entire EnergyVision team for their excellent work.

Here's to our continued growth.

Maqsud Bilal Board of Directors Chair, EnergyVision